Announcing Astute Actions Inc

I’ve often mentioned how much I believe in taking action, but now that’s proof – I named my company Astute Actions Inc. (Now on to something I really want to tell you.)

Thank you for your early support that led me to jumping into this full time.

Thank you for pointing out my mistakes and teaching me how to be better.

Thank you for sticking around to continue our journey to financial freedom.

Thank you for helping me realize how important taking action is. Now it’s my turn to remind everyone else…

Stop sitting around the TV and TAKE ACTION.

Your finances, career and relationships are all waiting for you to take the next step. We hate to fail but don’t stop trying because you will eventually get it right as long as you never give up. Don’t worry about failure. We are all trying and falling down too.

So. How are you going to spend the rest of the week? If you ask me, I will be picking myself back up to try again.

You can write off your business expense regardless of whether you are a sole proprietor or a s-corp but talk to your accountant to see what you can or cannot write off.

The motivation is primary due to financial reasons, and I would recommend talking to a professional to run the numbers to see which route make sense. Many people charge $800 to file it for you, but you can go to legalzoom or other websites to do it for less than half the cost.

To be truthful, the decision had a lot to do with the fact that my accountant pushed me that way. I am pretty sure it was because she could charge more fees, but she had programs setup for people like me handle all the extra paperwork without much charges. I could change accountants, but I’ve developed a relationship with this one that allows her to share more information with me to help me save on taxes, which more than covers for any additional fees.

Also, there is still a certain population that gives an “Inc” more props than a “LLC”, especially outside of the US where LLC don’t exist, so there’s a marketing benefit when I interact in the real world.

Then, though I have no plans yet, anything to do with stocks or VC investments and what not are more favorable with s-corps. So while LLC is probably easier (paperwork wise), people expand into a s-corp and I just don’t want the hassle of moving over in the future because it’s a huge distraction from the business itself.

So for more paperwork (or in other words, an additional expense) of having a s-corp, I thought it was worth it.

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